3 min read

RRSPs vs. TFSAs

By Trevor Lagerwerf on Oct 7, 2019 1:38:10 PM

From our previous blogs What is a TFSA, really? and What is an RRSP? you can learn both offer tax advantages to help you reach your savings goals.

Topics: Saving for the Future Retirement Planning TFSA RRSP
4 min read

What is a Tax-Free Savings Account, really?

By Trevor Lagerwerf on Sep 17, 2019 3:16:50 PM

A Tax-Free Savings Account, or TFSA for short, is a registered account that was launched by the Federal Government in 2009 with the goal of helping you grow your savings without paying taxes on the interest or investment income you earn. Although its tax free, the government keeps track of your contributions and how much earnings you accrue on the investment. As Christian mentioned in the Banking in 60 Seconds video, it’s a bit of a deceiving name choice as there are many different investments you can hold inside a TFSA, aside from a savings account. You may hold as many TFSA contracts (or accounts) as you want, as long as you do not exceed the cumulative contribution limit. Let me break it down:

Topics: Saving for the Future TFSA Investing Advice
3 min read

Investing 101: Explaining the magic

By Trevor Lagerwerf on Jul 26, 2016 4:40:29 PM

Investing: [verb] confusing process involving magic and midwifery, in which your money is swept away today with the hopes of producing more money in the future. See related terms: dreams, confusion, fees, retirement, and future.

Topics: TFSA RRSP Investing Advice Financial Planning